NCDA: Latest Construction Cost Estimates for Northstar in Line with Preliminary Budget
ANOKA, Minn. – After completing 60 percent of the design of the Northstar Commuter Rail required by the Federal Transit Administration (FTA), the Northstar Corridor Development Authority (NCDA) has found that updated capital cost estimates are consistent with preliminary cost estimates of $265 million, the group announced Nov. 29. The latest numbers are the result of an in-depth engineering of all project elements today compared to when estimates were developed during preliminary design. "We have always pursued a conservative and careful approach to ensure responsible financial management of this project," said Tim Yantos, executive director of the NCDA. "It’s gratifying